On August 11, HUAQIN rose 3.42% in regular trading, trading at HKD 74.25/share, with turnover of HKD 25.51 million.
On the news front, the company previously disclosed its H1 performance guidance, projecting revenue of RMB 93.0-95.0 billion, representing a year-over-year increase of 10.8%-13.2%, and attributable net profit of RMB 2.9-3.05 billion, up 53.5%-61.5% year-over-year, significantly exceeding market expectations. JPMorgan noted in a research report that Q2 results were stronger than anticipated, and as rack-level AI projects enter mass production, the data center business is expected to become the primary earnings catalyst from H2 onward.
Sentiment is further supported by the company's ongoing share buyback program. HUAQIN repurchased 808,000 A-shares on August 3 for approximately RMB 60.03 million and an additional 263,400 shares on August 4 for approximately RMB 20.00 million. The buyback scheme, approved on July 20, targets RMB 150-200 million in total repurchases through October 20 for employee stock ownership or equity incentive purposes.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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